Workhorse usps contract update4/20/2023 The Post Office told Reuters that the Oshkosh contract was proceeding as scheduled with the first new trucks scheduled to enter the fleet in 2023. years ago fantasy football was dominated by workhorse running backs that. USPS officials reportedly hope to make the majority of its fleet electric within 10 years, but the Biden administration has called for funding to electrify the entire roughly 650,000-vehicle fleet. 150/12TM/Contract League/SF/PPR/TEP/Slow Auction Draft Start-Up on LEAGUE. 23 awarded Oshkosh, a Wisconsin-based maker of military trucks, a 10-year contract for as many as 165,000 vehicles worth as much as 6 billion. Electric vehicle company Workhorse Group voluntarily dismissed on Tuesday. The new mail trucks will be a combination of gas-powered and electric vehicles, with the gas ones able to be retrofitted with electric systems down the road. Workhorse is the top contender of the 3 remaining companies which are competing for the USPS NGDV, or next generation delivery vehicle, 6.3 billion contract. Workhorse voluntarily dismisses its legal challenge to USPS contract. Oshkosh, which declined comment on the filing, did not match Workhorse’s all-EV contract bid. Also, the updates in this video point to positive catalysts fo. Reuters reports that a judge is likely to disclose some details of the complaint in coming weeks.įor now, Workhorse said only that it would provide updates “when appropriate and as permitted” under a non-disclosure agreement. In this video I talk about workhorse stock and give some important updates on workhorse stock. In the former situation, WKHS stock soars over the next few years as. Court of Federal Claims, where the filing is under seal. Without the USPS contract, Workhorse loses a lot of that visibility and potentially cedes market leadership to a competitor. The company officially challenged the bid in the U.S. Nearly four months later, Workhorse is suggesting the contract was awarded improperly - and it’s taking the Post Office to court.Įxact details of the company’s challenge are under wraps, at least for the time being. WASHINGTON, Sept 14 (Reuters) - Electric vehicle company Workhorse Group (WKHS.O) voluntarily dismissed on Tuesday its legal challenge against a U.S. The company’s stock price reportedly plummeted nearly 50% in the wake of the announcement. The winning bid, from Wisconsin-based Oshkosh Defense, could be worth $6 billion over more than 10 years - a substantial windfall for a company known more for its military vehicles.īut the decision also came at the expense of Workhorse Group, the Cincinnati commercial electric vehicle company whose all-electric bid lost out to Oshkosh. Postal Service awarded funding for the first overhaul of its delivery vehicle fleet in 30 years.
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